Larry Connors’ %b Strategy (Amibroker And Tradestation Code)

The strategy in plain English:

1. The close must be above the 200-day average.
2. The %b must be below 0.2 for the last three (consecutive) days.
3. If 1 and 2 are true, buy at the close.
4. Exit at the close when the %b closes above 0.8.

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Amibroker code:

percentB=( ( Close – BBandBot(C,5,2) ) / ( BBandTop(C,5,2) – BBandBot(C,5,2) ) );

Buy= Close>MA(C,200) AND percentB<0.2 AND Ref(percentB,-1)<0.2 AND Ref(percentB,-2)<0.2;
buyPrice=Close;
Sell= percentB>0.8;
sellPrice=Close ;

 

Tradestation code:

{
Larry Connors’ %b Strategy (Strategy 38)
The close must be above the 200-day average.
The %b must be below 0.2 for the last three (consecutive) days.
If 1 and 2 are true, buy at the close.
Exit at the close when the %b closes above 0.8.
}

Inputs:
	BBandLookback(5),
	BBandMultiple(2),
	RegimeLookback(200),
	BuyTreshold(0.2),
	SellTreshold(0.8);

Vars:
	percentB(0);
	
percentB = (Close - BollingerBand(Close, BBandLookback, -BBandMultiple))  / (BollingerBand(Close, BBandLookback, BBandMultiple) - BollingerBand(Close, BBandLookback, -BBandMultiple));

if Close > Average(Close, RegimeLookback) and percentB < BuyTreshold and percentB[1] < BuyTreshold and percentB[2] < BuyTreshold Then
	Buy this bar on close;
	
if percentB > SellTreshold Then
	Sell this bar on close;

Disclosure: We are not financial advisors. Please do your own due diligence and investment research or consult a financial professional. All articles are our opinions – they are not suggestions to buy or sell any securities.